The natural gas markets initially fell during the day on Friday, but found support at the $2.10 level to turn around and form a nice-looking hammer. The
The natural gas markets initially fell during the day on Friday, but found support at the $2.10 level to turn around and form a nice-looking hammer. The hammer sits just below the $2.20 level, which is a massive resistance barrier. If we can get above there on a daily close, then I feel comfortable buying this market, and will do so and aim for the $2.30 level. Pullbacks at this point in time should continue to be supported down near the $2.10 level, but if we can break down below there we would be able to start selling.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
